With any mortgage or home loan one of the most important factors to ensuring that you get an affordable rate is receiving a favourable interest rate from the lender, such as a bank. As there are many different options for loan repayment terms and many different interest rates on offer we have created a matrix which calculates how much you will have to pay back over each term and each interest rate so that you can see which payment you will need to make. This tool is also super handy when shopping around with lenders as you can see exactly how much you will be charged with their advertised rates. This super simple loan rate comparison calculator will quickly and accurately take away any need for you to do and calculations relating to term repayments.

Property Price

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Loan Deposit ( Percentage Amount)

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$

Mortgage Rate (%)

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Loan Payment FrequencyLoan Term

Payment Frequency

Interest

5 Years

10 Years

15 Years

20 Years

25 Years

30 Years

Are you looking for help finding the best mortgage rate for your new home loan? Using a mortgage broker will allow you to receive a better loan interest rate without the need for negotiation. We recommend Mortgage Repayment Calculator who have proven results in reducing clients interest rates by as much as 45 points off the advertised rate. Click here to visit their website.